LUCCA, Italy, June 16, 2011 /PRNewswire/ --
- Report Analyzes 2010 Revenue Growth Rates, and Market Share
in the Corporate Performance Management (CPM) Market
Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced it has been recognized by Gartner, Inc. (http://www.gartner.com) as a 'Notable Vendor'in the "Market Share Analysis: CPM Suites, Worldwide, 2010"
A complement to "Market Share: All Software Markets, Worldwide, 2010" and a sub-segment to the business intelligence (BI) market, this report analyzes 2010 revenue growth rates, and market share in the corporate performance management (CPM) suites software market. CPM showed only 3% growth in 2009 and CPM suites accelerated to 12.8% in 2010, a significantly higher growth rate than enterprise software overall, but in line with overall BI growth.
Manuel Vellutini, EVP Chief Operating Officer at Tagetik analyzes the results: "Tagetik experienced 17.2% growth in 2010 (a +4.4% compared to the market averageand a +11.7% compared to the company's growth in 2009), ranking #3 among the top five vendors analyzed,after SAP and Oracle and followed by IBM (outdistanced by -3.8% in growth), Infor and SAS Institute."
"This growth is clearly demonstrated by our major international operations (North America, UK and France), which continued to show results in 2010 sales and customers such as SNCF, the French national railway system, Keller Group, an engineering company based in the United Kingdom, Bobrick Washroom Equipment, a leading U.S. manufacturer of bathroom accessories, Vestey Group, a food distribution company from the United Kingdom, Vinson & Elkins, an international law firm based in Texas, Grand Marnier, a French liquor manufacturer, Propex Operating Company, a global manufacturer of industrial fabrics based in Tennessee," continues Vellutini. "As of December 2010, we reached 65 new customers worldwide (42 in 2009) with an outstanding +120% in international total revenues and 56% of license revenues from new international accounts."
"We are also capitalizing on the opportunities created by Microsoft's absence from the CPM suite market, making steady progress in our exclusive, global relationship with Microsoft itself. The outcome of our joint commitment, 'Tagetik 3.0 Enabled by Microsoft® SharePoint® Server 2010'software solution, is growing quickly and successfully, leveraging a wider, combined product positioning that involves the whole Microsoft stack."
Read the "Market Share Analysis: CPM Suites, Worldwide, 2010" report on: http://www.gartner.com
Gartner "Market Share Analysis: CPM Suites, Worldwide, 2010" by Dan Sommer, Neil Chandler, 13 May 2011
Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.
Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik's vision to extendPerformance Management and Business Intelligenceto collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.
Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.
Tagetik is a Microsoft Gold Independent Software Vendor (ISV).
To learn more: http://www.tagetik.com
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